Kellogg-Morgan Stanley Sustainable Investing Challenge 2024. Every year, the Kellogg-Morgan Stanley Sustainable Investing Challenge invites teams of graduate students from around the world to develop and pitch creative financial approaches to tackle pressing social and environmental challenges.
In 2023, more than 300 students from 53 countries and over 60 schools proposed novel financial instruments for positive impact. The Challenge facilitates connections with leading industry professionals to identify, empower, and inspire those who will make up the future of sustainable finance.
Related: AWJP 6-Month Fellowship for Women Journalists in Senegal 2024.
Benefits.
- Grand Prize: $10,000
- Runner Up: $5,000
- Third Place: $2,500
Eligibility Criteria
- Teams are limited to a maximum of four (4) members.
- All team members must be currently enrolled in a graduate program at the time of the prospectus submission. Undergraduate students are not eligible.
- Your team may include members from different graduate schools.
- All ideas must be the original ideas of the team members.
Challenge Timeline
Judging Criteria for the Kellogg-Morgan Stanley Sustainable Investing Challenge 2024.
Creativity & Financial Innovation (25%)
- Has the team proposed an innovative investment vehicle designed to drive returns and impact? They are looking for either:
- An innovative financial structure or
- A known investment approach applied creatively to a problem previously outside the scope or reach of a social or environmental challenge
- What’s interesting about this project? Is it just like a dozen others or truly innovative?
- Does the proposal have a unique capital structure, e.g., including different forms of capital, and employing diverse types of institutional investors?
- Does the proposal uncover new ways to drive returns, a new asset class, cash flow or value stream?
Impact & Scale (25%)
- Does this provide a scalable solution to mobilize sufficient capital and forge significant environmental or human impact?
- Are there specific metrics for impact? Is the impact real and persistent?
- Does the impact derived from the proposed approach stem from the financial levers rather than ancillary charitable remains?
- Has the team demonstrated diligence in defining and projecting the impact to be derived?
Feasibility (25%)
- Does the investment thesis seem plausible?
- Are there real sources of risk-adjusted market rate returns here? (even if considering a gestation period with concessionary returns)
- Could you see institutional investors responding to and funding this?
- Was the thesis thoroughly researched and is there strong evidence of financial depth that incorporates the overall economy?
Quality of Due Diligence & Financials (20%)
- How thorough and deep is the research on the thesis?
- Do the returns and cash flow projections hold water? Has the team demonstrated strong financial logic and validity of key financial assumptions?
- Have the key investment questions relating to returns, asset quality, underwriting, and risk management (both market-based and non-market) been identified and addressed?
- Does the team have the skills needed to execute? Have they defined the skills needed on the investment team?
- Are the proposed fees and incentives reasonable?
Presentation (5%)
- Has the team been clear, compelling, and concise with their proposal?
- For the final event: Have all team members participated in either the original presentation or Q&A?
How to Apply for Kellogg-Morgan Stanley Sustainable Investing Challenge.
For more details, visit Morgan Stanley’s website
Apply also: Chevening Scholarships 2024/2025 for International Students.
Application Deadline: January 21, 2024
